Trump confirms Nvidia chip agreement
Nvidia will pay the United States 15% of the money it makes from selling artificial intelligence chips to China, President Donald Trump said in a press conference on Monday.
Trump said he allowed Nvidia CEO Jensen Huang to sell H20 chips to China while the company provides the U.S. government with a kickback of the profits.
“The H20 is obsolete,” Trump said. “So we negotiate a little deal so he’s, essentially, selling an old chip,” Trump added, referring to Huang.
Trump said he initially asked for a 20% cut from sales of Nvidia’s chips but the two landed on 15%.
In April, Trump banned Nvidia from selling H20 chips to China. The administration later reversed the ban in July.
A coalition of democratic lawmakers, including Sen. Chuck Schumer, D-N.Y., criticized the administration’s July reversal.
“Limiting the PRC’s access to advanced compute has been a focus of Congress: one with a strong bipartisan commitment across both chambers and both parties,” The letter read.
“The PRC’s development of advanced AI capabilities represents a clear risk to the United States’ national and economic security, and the administration’s willingness to trade away that security is extremely troubling,” the letter continued.
Chance Showers And Thunderstorms
Latest News Stories
State vs. local property tax debate rages in Illinois
Illinois Quick Hits: County study reflects massive property tax hikes
Fewer businesses of Illinois’ diversity-preferred group got state contracts last year
Casey-Westfield Uses Five-Run Fifth Inning to Defeat Cumberland 7-3
Casey-Westfield Takes Advantage of Late Errors to Defeat Cumberland 7-3
Casey-Westfield Capitalizes on Miscues to Defeat Oblong/Hutsonville/Palestine 7-3
Meeting Summary and Briefs: Martinsville C.U.S.D. #C-3 Board of Education for February 23, 2026
Some blame taxes as Illinois grows on paper but loses residents
Illinois quick hits: Cannabis company sued for alleged sexual harassment; Reparations class action suit to proceed; Disaster declaration approved for August 2025 storms
Clark County Approves Highway Engineering Agreements, Discusses Infrastructure Upgrades
Helm’s Two-Way Masterpiece Leads Champaign Central Past Casey-Westfield 3-0
Champaign Central’s Early Surge Stuns Casey-Westfield in 3-0 Shutout
